company. Therefore, planning is always an important and necessary task for financial management in general and capital management and use in particular. If this task is done well, it will help the company have a flexible and effective capital structure, help improve the financial situation of the company, and contribute significantly to the development of the company in the future.
3.2.3.2. Strengthen training for staff in the company
Management and organization have a significant impact on business efficiency and capital efficiency in particular. The appropriate organizational structure and management mechanism will clearly define the functions, tasks and powers of functional departments to avoid the situation of shirking responsibility, which limits the company's business capacity.
The company needs to strengthen the training of staff; improve the management skills and qualifications of managers. It is necessary to build a suitable business environment, creating development opportunities for each individual to promote creativity and technical innovation to benefit the company. Implementing a good policy of material rewards for staff brings benefits to the company.
The human factor plays an important role in the business process, therefore improving the management level of the management team is a measure to contribute to improving the efficiency of using business capital:
+ Send staff to study and develop comprehensive human resource training plans.
+ Have measures to encourage material and spiritual things to maximize the capacity of each staff; discover and promptly nurture available potential to serve the company.
3.2.3.3. Tightly manage costs
In business activities, expenses always arise, so the company needs to manage expenses closely. Strict cost management will be a prerequisite to ensure the company's business activities are highly effective. To manage expenses effectively, it is necessary to pay attention to the following issues:
- Prepare annual cost estimates: The company must calculate in advance all costs for production and business in the planning period. To do this requires the company to
It is necessary to have a complete and appropriate system of cost norms as a basis for making estimates of expenses during the period.
- The company needs to eliminate unreasonable and invalid costs in the production and business process, ensure savings in spending, and improve capital efficiency.
CONCLUDE
In the context of the current strong economic development, enterprises are facing many opportunities and challenges. The problem is not only survival but also development, development in fierce competition. Business capital is one of the indispensable factors for the formation, existence and development of every enterprise. Capital management and use always play an important role in the management of production and business of enterprises.
As a trading company mainly trading in products in the field of consulting and installing professional net game rooms, building 3D spaces, providing genuine components, diverse accessories, copyrighted QLPM software. With its potential, PTCN and TT Hoang Tuan Company Limited can completely step by step affirm its position in the Northern and national markets. Therefore, the topic "Solutions to improve the efficiency of using business capital at PTCN and TT Hoang Tuan Company Limited" was researched with the aim of finding out the shortcomings in the organization, management and use of business capital of the company and the causes of those shortcomings. On that basis, some solutions are proposed to improve the efficiency of using business capital at Hoang Tuan Company.
During the research process, although I have made many efforts, due to limited knowledge, the thesis is inevitably flawed. I hope to receive comments from teachers to have comprehensive knowledge of the research topic.
Thank you very much!
Student
Le Quang Dung
REFERENCES
1. Nguyen Van Dan (2012), “Microeconomics I and II” , Academy of Finance, Finance Publishing House, Hanoi
2. Nguyen Dinh Kiem (2013), "Corporate Finance Textbook" , Finance Publishing House, Hanoi
3. Nguyen Minh Kieu (2012), “Corporate Finance” , Ho Chi Minh City Open University and Fulbright Economics Teaching Program, Statistical Publishing House
4. Hoang Tuan Technology and Communication Development Company Limited (2016, 2017) "Financial reports for 2016, 2017: Balance sheet; Income statement; Personnel summary; List of customers and suppliers; Table of production and business operating costs"
5. http://hoangtuan.com.vn
APPENDIX
Appendix 1:
Hoang Tuan Trading and Service Co., Ltd.
Balance sheet 2015, 2016, 2017
Unit: VND
Target
2015 | 2016 | 2017 | |
A. SHORT-TERM ASSETS | 3,096,185,412 | 7,440,225,699 | 8,249,978,267 |
I. Cash and cash equivalents cash equivalent | 971,528,563 | 3,134,165,214 | 2,424,368,145 |
II. Short-term financial investments | 177.128.125 | 550,369,254 | 657,259,240 |
III. Bank receivables | 1,512,385,636 | 2,235,608,954 | 2,047,390,952 |
1. Accounts receivable from customers | 1,012,437,983 | 1,406,730,502 | 1,671,569,852 |
2. Prepayment to the seller | 29,126,205 | 62,145,413 | 325,364,550 |
3. Other receivables | 470,821,448 | 766,733,039 | 50,456,550 |
IV. Inventory | 428,618,221 | 1,505,114,365 | 3,103,526,540 |
1. Inventory | 428,618,221 | 1,505,114,365 | 3,103,526,540 |
V. Other current assets | 6,524,869 | 14,967,912 | 17,433,390 |
1. Short-term prepaid expenses | 3,037,348 | 8,573,930 | 9,582,145 |
2. Other current assets | 3,487,521 | 6,393,982 | 7,851,245 |
B. LONG-TERM ASSETS | 1,249,505,181 | 2,648,143,147 | 2,935,778,064 |
I. Long-term receivables | 127.132.125 | 202.365.005 | 365.236.145 |
II. Fixed assets | 894.366.827 | 1,938,630,888 | 1,920,394,665 |
Original price of fixed assets | 950.750.300 | 2,085,650,000 | 2,156,500,000 |
Accumulated depreciation | 56,383,473 | 147,019,112 | 236.105.335 |
IV. Financial investments long term | |||
V. Other long-term assets | 228.006.229 | 507.147.254 | 650.147.254 |
1. Long-term receivables | 228.006.229 | 507.147.254 | 650.147.254 |
TOTAL ASSETS | 4,345,690,593 | 10,088,368,846 | 11,185,756,331 |
A. LIABILITIES | 3,192,961,732 | 3,939,075,011 | 4,820,386,477 |
I. Short-term debt | 2,388,836,732 | 3,358,552,925 | 3,563,512,327 |
1. Short-term loans and debts | 1,272,780,624 | 1,064,781,450 | 1,052,893,650 |
2. Payable to seller | 731,486,143 | 1,640,600,570 | 2,050,764,550 |
3. Buyer pays in advance | 223,971,470 | 236,547,825 | 406,452,350 |
4. Taxes and payables State | 158,326,120 | 109,749,124 | 50,145,365 |
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2,272,376 | 306,873,956 | 3,256,412 | |
II. Long-term debt | 804,125,000 | 580,522,086 | 1,256,874,150 |
1. Long-term loans | 804,125,000 | 580,522,086 | 1,256,874,150 |
B. OWNER'S EQUITY | 1,152,728,861 | 6,149,293,835 | 6,365,369,854 |
I. Owner's capital | 1,000,000,000 | 6,000,000,000 | 6,000,000,000 |
II. Other funding sources | 152,728,861 | 149,293,835 | 365.369.854 |
TOTAL CAPITAL | 4,345,690,593 | 10,088,368,846 | 11,185,756,331 |
5. Must pay employees
Appendix 2:
Hoang Tuan Trading and Service Co., Ltd.
Business results report 2015, 2016, 2017
Unit: VND
Target
2015 | 2016 | 2017 | |
1. Sales revenue and service provision service | 5,456,955,608 | 12,488,283,904 | 20,564,698,520 |
2. Deductions | 678.128.121 | 862,563,241 | 831.365.238 |
3. Net sales revenue and provide service | 4,778,827,487 | 11,625,720,663 | 19,733,333,282 |
4. Cost of goods sold | 3,917,363,207 | 9,712,373,938 | 16,956,385,247 |
5. Gross profit from business activities business | 861.464.281 | 1,913,346,725 | 2,776,948,035 |
6. Financial operating revenue | 5,669,085 | 31,959,300 | 22,365,214 |
7. Financial operating costs | 237,508,404 | 762,129,394 | 750,698,450 |
Including: interest expense | 217,715,020 | 711.457.125 | 735,625,640 |
8. Business management costs | 454.010.013 | 744,968,485 | 1,025,836,574 |
9. Net profit from business activities business | 175,614,948 | 438.208.146 | 1,022,778,225 |
10. Other income | 15,128,162 | 36,421,450 | 25,365,369 |
11. Other costs | 20,182,643 | 42,365,982 | 20,365,327 |
12. Other profits | -5,054,481 | -5,944,532 | 5,000,042 |
13. Total profit before tax | 170,560,467 | 432,263,614 | 1,027,778,267 |
14. Current corporate income tax expense | 34,022,532 | 85,379,719 | 200,568,713 |
15. Profit after corporate income tax | 136,537,936 | 346,883,895 | 827.209.554 |